ArcelorMittal earnings beat, Revenue misses in Q3

  • Investing.com
ArcelorMittal earnings beat, Revenue misses in Q3

Investing.com - ArcelorMittal reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

ArcelorMittal announced earnings per share of $3.61 on revenue of $17.56B. Analysts polled by Investing.com anticipated EPS of $3.46 on revenue of $18.78B.

ArcelorMittal shares are up 27% from the beginning of the year and are trading at $27.94 , down-from-52-week-high.They are outperforming the Euro Stoxx 50 which is up 22.48% year to date.

ArcelorMittal shares gained 2.12% in intra-day trade the report.

ArcelorMittal follows other major Basic Materials sector earnings this month

ArcelorMittal's report follows an earnings missed by Akzo Nobel on Wednesday, October 20, 2021, who reported EPS of $0.93 on revenue of $2.41B, compared to forecasts EPS of $0.941 on revenue of $2.5B.

IMCD NV had beat expectations on Tuesday with third quarter EPS of $1.11 on revenue of $863.1M, compared to forecast for EPS of $0.97 on revenue of $817M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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